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Booming Cash Converters revenues point to squeeze on the poor
The ASX-listed pawnbroker told investors the increase was partly tied to “mainstream finance” being “more difficult to access” for many of its customers.
- 1 hr ago
- James Eyers
Mighty Craft collapses after calling off merger with Better Beer
The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.
- 1 hr ago
- Simon Evans
Woodside splashes $1.35b on US LNG to become ‘global powerhouse’
The acquisition of Tellurian will give the ASX-listed oil and gas company a foothold to develop exports in the booming US market for shipping natural gas.
- Angela Macdonald-Smith
Heart medtech Anteris Technologies in $40m raise
The proceeds would fund development of its flagship DurAVR THV product which aims to mimic a healthy aortic valve.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Michael Stutchbury calls time as AFR editor-in-chief after 13 years
The 67-year-old has led the Financial Review through six PMs and thousands of editions. He will be succeeded by the former executive editor of The Sydney Morning Herald and The Age, James Chessell.
- Sam Buckingham-Jones
- Exclusive
- Managed funds
Taurus misled Phil King’s Regal in due diligence, former CFO claims
Andrew Sampson was made redundant from Taurus in March. He claims he was dismissed after raising concerns about the conduct of the commodities financier’s founders.
- Max Mason
Opinion & Analysis
The grand dame of Australian financial services is making a comeback
MLC is showing signs of life – with an earnings upgrade – and is the face of Insignia’s fightback story. If it wins, the company and its 53,000 shareholders win too.
Columnist
Once reluctant, super fund giants are flocking to private credit
If they can find investments that earn close to double-digit returns with reasonable reliability, they’re happy to scale up – which is precisely what they’re doing
Senior reporter
If Earth’s ecosystem was a company, Climate Ltd would have a problem
The core principles that drive good investment are also at play in climate change.
Contributor
The Tax Office, the TPB and the kerfuffle wars
After numerous attempts to sideline Tax Practitioners Board CEO Michael O’Neill, the Tax Office turned its sights on the media.
Senior writer
Companies in the News
Commonwealth Bank
Fortescue Metals Group
Transurban
Westpac Banking Corporation
Updated: Jul 22, 2024 – 3.26pm. Data is 20 mins delayed.
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Featured
A letter and PowerPoint about News Corp made this activist fund $120m
A failed bid to merge with Fox Corporation pointed out the inherent value in a couple of News Corp’s assets. One investor cashed in on the rise.
- Sam Buckingham-Jones
Liontown lithium supply test of faith for Tesla after BHP nickel halt
Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.
- Brad Thompson
- Investigation
- Building Bad
Caught on film: How Setka and the CFMEU wield their power
Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.
- David Marin-Guzman
More From Today
- Opinion
- Chanticleer
The grand dame of Australian financial services is making a comeback
MLC is showing signs of life – with an earnings upgrade – and is the face of Insignia’s fightback story. If it wins, the company and its 53,000 shareholders win too.
- 49 mins ago
- Anthony Macdonald
- Updated
- Manufacturing
Environmental rules threaten survival of South32’s Worsley refinery
More than $1b was wiped off the value of South32 as it cut production guidance and warned forest protection rules threatened the future of a WA alumina refinery.
- Peter Ker
Schauffele roars to second major win of year at British Open
The American golfer has delivered one of the British Open’s great finishing rounds to tame blustery Royal Troon after the Australian challenge petered out.
- Ian Chadband
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Suitors scramble to get across Anglo’s $7.5b Queensland coal auction
Sharp-nosed suitors are expected to push for the company to take a chunk of the bid value as deferred consideration, tied to Grosvenor’s performance.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Superannuation
Once reluctant, super fund giants are flocking to private credit
If they can find investments that earn close to double-digit returns with reasonable reliability, they’re happy to scale up – which is precisely what they’re doing
- Jonathan Shapiro
Origin-backed Octopus extends reach with Ergon Energy deal
Australia’s fourth-largest retailer has taken on Octopus’ Kraken technology platform – the first major local customer besides Origin itself.
- Hans van Leeuwen
Australia’s third-largest coal customer warns of dwindling appetite
South Korea’s shift to nuclear power, along with milder weather, has already reduced the country’s coal use, which is set to further tumble over the decade.
- Elouise Fowler and Michael Read
- Opinion
- Energy transition
If Earth’s ecosystem was a company, Climate Ltd would have a problem
The core principles that drive good investment are also at play in climate change.
- Kate Howitt and Gates Moss
Beaconsfield says Keystone demands forced receiver appointment for NQH
The US investment manager says it was forced to appoint receivers after Keystone Asset Management demanded immediate repayment of a $15 million unsecured loan.
- Max Mason
Google inks renewed media bargaining code deals – with a catch
Google has been quietly renewing deals worth tens of millions of dollars with Australian publishers but has added a clause allowing it to cancel them after each year.
- Sam Buckingham-Jones
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
Yesterday
- Opinion
- Rear Window
The Tax Office, the TPB and the kerfuffle wars
After numerous attempts to sideline Tax Practitioners Board CEO Michael O’Neill, the Tax Office turned its sights on the media.
- Neil Chenoweth
He wrote Qantas’ Project Sunrise off as a PR stunt. Now he runs it
After years in the planning, the airline’s head of international Cam Wallace is preparing to launch the ultra-long haul flights to London and New York.
- Ayesha de Kretser
It’s a banker bonanza as Permira eyes its $4b I-MED payday
The firm’s dealmakers have tapped Jefferies to join their sell-side advisory lineup, alongside Morgan Stanley – which has kept close to the company for years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kerry Stokes hires from Twiggy to replace Bruce McWilliam at Seven
Can you ever really replace someone like Kerry Stokes’ top legal lieutenant Bruce McWilliam? Probably not – but maybe that’s a good thing.
- Sam Buckingham-Jones
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
- Max Mason
C-suite departures come thick and fast at industry super giant Cbus
Staff were on Friday informed chief strategy officer Alexandra West had lobbed her resignation after less than a year in the role.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hacked Optus gets award for cybersecurity nous
The irony of the award going to a company defending both a class action and an ACMA civil lawsuit for alleged security failures hung heavy in the room.
- Myriam Robin
Fox News Australia? Sky News Australia may be forced to rebrand
The News Corp-owned broadcaster has announced a “major transformation project” and a relocation – just as its Sky licence comes to and end.
- Sam Buckingham-Jones
